News headlines about Cisco Systems (NASDAQ:CSCO) have been trending positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Cisco Systems earned a media sentiment score of 2.38 on their scale. InfoTrie also assigned news stories about the network equipment provider an news buzz score of 9 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Cisco Systems’ ranking:
A number of brokerages have commented on CSCO. Piper Jaffray Companies set a $53.00 target price on Cisco Systems and gave the company an “overweight” rating in a report on Monday, October 1st. Zacks Investment Research cut Cisco Systems from a “buy” rating to a “hold” rating in a report on Friday, October 26th. Credit Suisse Group raised their price objective on Cisco Systems from $41.00 to $43.00 and gave the stock a “hold” rating in a report on Thursday, August 16th. BMO Capital Markets raised their price objective on Cisco Systems from $43.00 to $48.00 and gave the stock a “market perform” rating in a report on Thursday, August 16th. Finally, Morgan Stanley raised their price objective on Cisco Systems from $48.00 to $51.00 and gave the stock an “overweight” rating in a report on Tuesday, September 4th. Eight analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.76.
Shares of CSCO traded up $0.13 during trading hours on Tuesday, hitting $46.27. The stock had a trading volume of 1,603,623 shares, compared to its average volume of 25,634,884. The company has a current ratio of 2.29, a quick ratio of 2.22 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $219.10 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 2.69 and a beta of 1.11. Cisco Systems has a 12-month low of $33.67 and a 12-month high of $49.47.
Cisco Systems (NASDAQ:CSCO) last issued its earnings results on Wednesday, August 15th. The network equipment provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.01. The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Cisco Systems had a return on equity of 22.12% and a net margin of 0.22%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the company posted $0.61 EPS. Sell-side analysts predict that Cisco Systems will post 2.67 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 24th. Investors of record on Friday, October 5th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend was Thursday, October 4th. Cisco Systems’s dividend payout ratio (DPR) is currently 56.41%.
In other Cisco Systems news, EVP David Goeckeler sold 63,050 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $47.57, for a total value of $2,999,288.50. Following the transaction, the executive vice president now directly owns 547,019 shares of the company’s stock, valued at $26,021,693.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark D. Chandler sold 31,842 shares of the firm’s stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $47.20, for a total value of $1,502,942.40. The disclosure for this sale can be found here. Insiders sold a total of 450,620 shares of company stock worth $21,322,282 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.
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Cisco Systems Company Profile
Cisco Systems, Inc designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry worldwide. The company offers switching products; routing products that interconnect public and private wireline and mobile networks; data center products; and wireless access points for use in voice, video, and data applications.
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